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Online Casino Monopoly Strengthened

Amid all of the intense controversy over the European internet gambling monopolies the Swedish government makes a move to strengthen the state-run gambling monopoly, Svenske Spel. The European Commission has been in negotiation with the Swedish government in attempts to open the gambling market to other EU licensed online casinos and betting companies, but the Swedish government is reluctant to comply with the Commission’s requests. And although the Commission has been making small steps in the right direction with the Swedish government concerning the opening of the market, new pressure from the Finance Minister undermines any of the presumed progress.

Svenske Spel is perhaps one of the most lucrative state-run online casino gambling monopolies in the EU, and though operating a monopoly flies in the face of the EU principles of free-trade between EU member-states, nearly a dozen nations still have protectionist or monopolistic gambling regulations in place. Sweden is tops on the list of governments reusing to comply with negotiations and Commission requests and the state Finance Minister, Andrea Borg actually just announced more pressure is on Svenske Spel to keep the company contained to the Swedish online casino gambling market.

Specifically, the tighter controls and new requirements not only block the online casino gambling company from forming an international poker network, but also have introduced firmer regulations concerning how and how often online gamblers receive information on their gambling winnings, bets, and losses. Because Svenske Spel has no competition from foreign online casinos, the company is able to provide gamblers with a thorough breakdown of their gambling habits.